Modern Method of Auction
Auction date not yet published
2-bedroom flat · TR26 2ER
For saleListed 74 days
Opportunity summary
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About
For sale by Modern Method of Auction:Situated within a popular residential area of St Ives, close to local shops, schools, transport links and everyday amenities, Flat 3 Garth An Creet presents an excellent opportunity for investors, first-time buyers or those looking for a project.
Offered for sale by auction, this spacious first-floor leasehold apartment benefits from two bedrooms, designated parking and its own enclosed rear garden.Internally the property is in fair condition throughout and offers well-proportioned accommodation with plenty of natural light, providing buyers with the opportunity to modernise further and add value if desired.
This property is offered for sale through the Modern Method of Auction which is operated by Iamsold Limited Accommodation A private entrance door opens into an entrance hall with tiled flooring and stairs rising to the first-floor landing.
The landing features attractive oak flooring, a window to the side, wall-mounted gas heater, access to the loft space and doors leading to all principal rooms.
The recently updated shower room has been finished with fully tiled walls and comprises a walk-in shower cubicle with electric shower, close-coupled WC, wash hand basin, heated towel rail and side-facing window.
Bedroom One is a generous double room with a window to the front, ample space for bedroom furniture and power points.
Bedroom Two overlooks the front of the property and is ideal as a guest bedroom, nursery or home office.
It will comfortably accommodate a small double bed and also benefits from built-in recessed shelving.
The living room is a particularly spacious and bright room featuring oak flooring, a rear-facing window, gas fire, power points and an excellent range of fitted shelving,...
Outside To the rear of the property is a delightful enclosed garden. It offers a lovely private outdoor space for relaxing, container gardening or enjoying a morning coffee.
The property also benefits from a designated parking space although this is currently fenced off due to ongoing maintenance.
Location Garth An Creet is a well-established residential development on the outskirts of St Ives, ideally positioned for local schools, supermarkets, healthcare facilities and regular public transport.
The bustling harbour, beautiful beaches, independent shops and restaurants of St Ives are within easy reach as is easy access to the stunning coastal road, making this a convenient location for both owner occupiers and tenants alike.
Lease Details 999 year lease from 29th September 1967 £20 per month service charge - currently approx.
£5200 in the account Agents Notes We would advise that this property is suitable for cash buyers.
If you are arranging a mortgage, we suggest speaking with your mortgage advisor and legal representative before making a bid.
We have been advised by the vendors there is a mining feature within the next door neighbours garden and the ongoing maintenance with the parking was a mining feature that is in the process of being rectified Auction Notes To be sold by modern method of auction through Iamsold.
This allows the buyer and seller to complete with a 56 day reservation period.
Interested parties' personal data will be shared with the Auctioneer ( iamsold Ltd) A buyer information pack is provided, which you must view before bidding. The buyer is responsible for the pack fee.
The buyer signs a reservation agreement and makes a payment of a Non-Refundable Reservation fee of 4.5% of the purchase price inc.
VAT subject to a minimum of £6600 in VAT iamsold.co.uk Services may be recommended by the agents/auctioneer in which they will receive payment from the service provider if the service is taken.
Payment varies but will be no more than £500 inc VAT. These services are optional
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 3, Garth an Creet, St Ives, Cornwall
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